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Going Beyond the US Reciprocal Tariffs: Sri Lanka's Exposure to the Tariffs and Exemptions

Sri Lanka, May 16 -- By Dr Asanka Wijesinghe The United States' (US) proclamation of "reciprocal tariffs" dealt a blow to the global trade system based on the World Trade Organisation (WTO) principle... Read More


ComBank ends Q1 as first private sector banking group on cusp of Rs 3 Tn. assets milestone

Sri Lanka, May 15 -- Loan book grows by Rs 116.75 Bn. in 3 months to Rs 1.642 Tn. Net interest income up 23.53% to Rs 34.21 Bn. Improves provision cover and interest margin alongside balance sheet g... Read More


Hameedia launches 'We Create' - Sri Lanka's first-ever online tailoring platform

Sri Lanka, May 15 -- Hameedia, Sri Lanka's leading menswear brand, recently launched 'We Create', the country's first-ever digital tailoring platform, via www.envoylondontailorstore.com. This innovati... Read More


NSBM signs loan agreement with BOC to accelerate phase II University development

Sri Lanka, May 15 -- NSBM Green University has signed a strategic loan agreement with the Bank of Ceylon (BOC) to support the ongoing Phase II development of its Homagama campus in a signing ceremony ... Read More


Hemas Holdings PLC Appoints Ashish Chandra as Group Chief Executive Officer

Sri Lanka, May 15 -- Hemas Holdings PLC, announced the appointment of Ashish Chandra as its new Group Chief Executive Officer, effective 1st July 2025. This appointment marks a strategic inflection p... Read More


U.S. Embassy Transfers USD 1 Mn in Advanced Nuclear Detection Equipment to Strengthen SL's Maritime Security

Sri Lanka, May 15 -- The U.S. Embassy in Sri Lanka has provided state-of-the-art radiation and chemical detection equipment valued at $1 million (299 million LKR) to the Sri Lanka Navy, significantly ... Read More


Sri Lanka's Land Market Shows Strong Momentum Amid Growing Demand, Reports LankaPropertyWeb

Sri Lanka, May 15 -- The Sri Lankan land market is gaining renewed strength, with Colombo and the broader Western Province leading the way in price growth, according to the latest Land Price Index (LP... Read More


US-China Tariff De-escalation Does Not Signal Trade Normalisation: Fitch Ratings

Sri Lanka, May 14 -- The Joint Statement on US-China Economic and Trade Meeting in Geneva published on 12 May appears to be a significant de-escalation of the trade war between the two countries, Fitc... Read More


U.S Effective Tariff Rate Declines to 13% from 23% with Lower China Duty: Fitch Ratings

Sri Lanka, May 13 -- Fitch Ratings has updated the U.S. Effective Tariff Monitor following the Joint Statement on U.S.-China Economic and Trade Meeting in Geneva, May 12, 2025, that reduces reciprocal... Read More


Navigating Sri Lanka's digital future: A conversation with Dr. Hans Wijayasuriya

Sri Lanka, May 13 -- By Ashanthi Ratnasingham Sri Lanka is entering a defining chapter in its digital journey-one that could reshape how citizens live, work, and connect. As global economies accelera... Read More